REGISTERED NUMBER: 05606087 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Critical Simulations Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Prof J P Crego

Mrs C Crego-Molloy

Mr A S Crego

REGISTERED OFFICE:

1st Floor

314 Regents Park Road

Finchley

London

N3 2LT

REGISTERED NUMBER:

05606087 (England and Wales)

ACCOUNTANTS:

Wolfson Associates Limited

1st Floor

314 Regents Park Road

Finchley

London

N3 2LT

FIXED ASSETS

Tangible assets

4

34,163

42,367

CURRENT ASSETS

Debtors

5

479,656

67,058

Cash at bank

427,796

483,963

907,452

551,021

CREDITORS

Amounts falling due within one year

6

470,473

323,787

NET CURRENT ASSETS

436,979

227,234

TOTAL ASSETS LESS CURRENT LIABILITIES

471,142

269,601

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

471,132

269,591

SHAREHOLDERS' FUNDS

471,142

269,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2026 and were signed on its behalf by:

Mr A S Crego - Director

Mrs C Crego-Molloy - Director

1.	STATUTORY INFORMATION

Critical Simulations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance and 3 years

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2024

18,427

38,170

103,484

160,081

Additions

-

-

3,183

3,183

At 31 August 2025

18,427

38,170

106,667

163,264

DEPRECIATION

At 1 September 2024

15,236

17,934

84,544

117,714

Charge for year

798

5,059

5,530

11,387

At 31 August 2025

16,034

22,993

90,074

129,101

NET BOOK VALUE

At 31 August 2025

2,393

15,177

16,593

34,163

At 31 August 2024

3,191

20,236

18,940

42,367

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

108,157

43,218

Other debtors

57,940

8,700

Prepayments and accrued income

313,559

15,140

479,656

67,058

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

116,928

2,935

Amounts owed to group undertakings

14,828

12,921

Social security and other taxes

3,398

4,610

VAT

11,503

1,721

Other creditors

6,886

10,230

Directors' current accounts

18,812

13,416

Accruals and deferred income

298,118

277,954

470,473

323,787

7.	CONTINGENT LIABILITIES

There are no contingent liabilities to the knowledge of the directors apart from matters arising in the ordinary course of business.

8.	OTHER FINANCIAL COMMITMENTS

The directors are unaware of any other financial commitments outstanding at the period end.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

Prof J P Crego and Mrs S L Crego

Balance outstanding at start of year

(9,387

)

(5,755

)

Amounts advanced

923

711

Amounts repaid

(3,244

)

(4,343

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(11,708

)

(9,387

)

Mr A S Crego

Balance outstanding at start of year

(4,028

)

-

Amounts advanced

2,084

-

Amounts repaid

(5,160

)

(4,028

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(7,104

)

(4,028

)